Temporary Attachment of ₹3.25 crore Assets as ED Advances Raipur Smart City Probe

On 22 September 2026, the Enforcement Directorate placed a temporary attachment on assets valued at approximately ₹3.25 crore belonging to KK Shrivastav. This step follows his arrest on 30 July 2026 under Section 19 of the PMLA and precedes the filing of a charge sheet the next day.

The attachment targets movable and immovable properties believed to be linked to the alleged ₹15 crore fraud involving the Raipur Smart City contract. The ED’s strategy aims to prevent disposal of the assets while it continues to examine the money trail, offshore transfers, and the network of shell entities.

The agency’s investigation was initially launched based on an FIR registered at Teli Bhandra police station, which listed offenses such as cheating, fraud, criminal intimidation and criminal conspiracy. The case now moves to the Special PMLA Court for further adjudication.